Health & Wellness / Politics

Finding Affordable Assisted Living

senior-nurse-woman

Taking on the task to figure out what kind of care a loved one may need; can challenge a family emotionally and financially. The whole process can become very stressful for everyone involved, but if it’s necessary then it’ll be worth it.

Not every family will be able to pay out of pocket for their loved ones care, some will rely on expenses being covered under Medicaid. Finding affordable assisted living that is right for your family is no simple task, but it isn’t impossible.

The following steps below will help guide you to find the right match for both your loved one and your budget.

  1. Outline Your Budget

A good starting point would be to figure out how much you can afford for senior living care before going to look at places. Being fully aware of your budget will help you to stay on track by only looking at the places that are realistic.

  1. Research thoroughly

Make sure to put enough time into doing enough research, this way you can properly evaluate any options you’re considering. Do the research and go and visit each individual place, you don’t want to decide on a place, move in and then 6 months later have to move again. This will cost a pretty penny and will add even more stress onto the whole process.

  1. Ask About the Cost

Some assisted living places may be willing to negotiate their facilities monthly price, not all places will keep everything set in stone. Be sure to ask the questions about any move-in incentives or whether or not they’ll be more flexible with their costs. It doesn’t hurt to try!

  1. Change Up the Location

It may seem crazy to consider the idea of moving a loved one to an assisted living facility in another area that is outside your own zip code. But with costs in mind, it may be cheaper to consider this option since costs will vary based on the different locations.

  1. A La Carte vs. Inclusive Pricing

Certain assisted living facilities offer the option for you to be able to choose the services you’d like to pay for and what ones you’ll just be able to handle yourself. Other places don’t give you this option and it’s an all-inclusive facility. If your family home is close to the assisted living center and you know you’ll be around often to help, then the A La Carte style place will probably be the best fit for your budget.

  1. Long-Term Care Insurance

Paying for assisted living out of pocket is very difficult and for some it’s unrealistic. Medicare or Medicaid may be able to help but they won’t always cover everything, Long-term care insurance can help to close the gap.

  1. Be Open to a Roommate

Be sure when doing your research to look into costs for shared rooms and costs for individual rooms. Often in assisted living facilities the cost of a room will go down if it’s shared with another resident. Making the perfect place more affordable.

  1. Veterans

If your loved one has served for our country then be sure to look into any benefits they may be entitled to. Our Veterans are offered benefits through the Department of Veteran Affairs to help with the cost of an assisted living facility.

  1. Look Into the Different Care Options

Ask the question, “What type of care does my loved one NEED?” Maybe they don’t need to be in an assisted living facility, they may only need a live in caretaker or independent living. Another option may be more appropriate and more affordable.

 

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RICHARD
5 years ago

Nothing new here. Usually a 90 year can’t get long term insurance. In my experience here in Indiana, our home is running $6600 a month for basic home.

Aardvark
5 years ago

Your article doesn’t mention 24/7 care in a residential setting. Many states allow licensed family homes to care for disabled adults and children. My wife and I own what is called a “Certified Family Home” in Idaho. We care for up to 4 residents, providing assistance with medications, all meals and snacks, transportation needs, all housekeeping, help with mobility, incontinence, etc. We are state certified to provide this care, with all the training required. The residents love it because they have their own rooms in a regular residential home, in a family neighborhood. It saves the state medicaid program money, because these family homes aren’t paid as much as larger facilities. It pays to ask your medicaid office if there are these types of homes available in your state. I know Washington State and Idaho are two of them.

Aardvark
5 years ago
Reply to  Aardvark

One other point on residential home care is that there are usually one or two people caring for up to 6 residents rather than one person per 16 or more in a larger facility. And the residential family home owners are usually better trained than your average $9 per hour aid.

Douglas
5 years ago

Where does one go on line to find local area Assisted Living Facilites that have been rated objectively, i.e.,evaluated by the State or Federal government? I live in Northeastern Illinois, Lake County.

Lois
5 years ago

Old news. And again the writer fails to recognize that some elders have NO family to influence the move. Perhaps an article from a senior who has made the move and can discuss the positives and negatives.

Connie
5 years ago

I agree w/ Wilfred & Larry. This is an impt topic & the points in this article are already generally known. Not helpful.

Wilfred Cl;ifford
5 years ago

While the article could have been more in depth, it did get my attention as to the basics involved in finding affordable assisted living. I was especially important that family members be involved in the planning process.

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